India-Iran ties: Modi, Rouhani sign 12 agreements in Tehran

"On the second day of Indian Prime Minister Narendra Modi's visit to Iran, the two countries signed a dozen agreements, one of them a tripartite transit and transport deal involving Afghanistan. The deals, signed Monday, include infrastructure projects, energy partnerships, bilateral trade, cultural exchange and intelligence sharing, with a focus on terrorism. The most talked about contract was for the development of the Chabahar port in the Gulf of Oman on Iran’s southeastern coast. India will invest $500 million in the first phase of the project, which include two terminals and five multi-cargo berths, to be developed by India Ports Global Private Ltd. in partnership with Iran’s Ports and Maritime Organization." (05/24/16)